About your Search

20121201
20121231
Search Results 0 to 5 of about 6
as lawmakers are continuing to work on a deal to avoid the fiscal cliff. bob pisani here with the winners and losers on wall street today. over to you, bob. >> take a look at dow, folks, and we did advance despite of an impasse on the fiscal life. ended not far from the highs of the day. in fact, we've been moving up for a while. take a look at the last month. despite the concerns here that we may not get a deal, the market is still saying the outlines of a deal is see very much in effect. gdp revision, existing home sales, best since november 2009. a couple sectors stand out. banks were market leaders again. they have been on fire for weeks now. new highs today, bank of america and citigroup. transports are near a 52-week high. railroads strong, kansas city southern and delta on fire. that stock is up 20% in the last few weeks and jetblue also doing well on top of that. deal of the week, of course, you know the new york stock exchange. maybe it's the deal of the month. 33.12 and ended a little bit before for that the nyc/i.c.e. deal and of course what we don't know is the name of the new
of pento portfolios, no idea where you are, and bob pisani on the floor of the new york stock exchange. what did you make, stephanie, of today's market action? you're the trader and follow the short-term swings. what was the message of the market do you think today? >> the message is the market is nothing is really going to change. interest rates will be low for an extended period of time. the fact that they tied the rates to unemployment, a little bit of a twist to the story, but it means that rates stay low. i think that the housing theme continues. i think that financials continue to work because even though you have a flat yield curve they are a beneficiary of the housing cycle, and away from all of this you focus on what happens internationally and china continues to recover. europe looks like it's stabilizing and we didn't change our strategy based on the news, just a little bit more of what you're doing. >> randy, anything change for you? >> no, not really. what we're watching is the parallels that occur now, where we stood with the fiscal cliff and where we stood in 1999 with t
, at least for now they are telegraphing things are pretty rosy for 2013. >> all right, bob. thank you so much. bob pisani. so is high frequency trading ruining the markets? my next guest says absolutely, especially for the millions of individuals out there. a senate panel checking for computer-driven irregularities. take a look at what needs to happen to have the market a fair game for everybody. also ahead, dirty details revealed. walmart reportedly in another bribery scandal in mexico. are they the only company in your portfolio that should be looked at for bribery or not? let's hear what ken langone has to say about that having done business all over the world. back in a minute. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket scienc
in strong. upbeat news from the state released today. maria? >> market down 74 and right over to bob pisani we go. ? >> maria, take a look at the dow industrials. the fiscal cliff smacks around the stock market today. did rise out. word got out that we have a meeting at 5:00 p.m. between representative boehner and president obama, but bear in mind here we sold off yesterday on the news announcement of additional treasury purchases, and a large part of the decline on the day is the sell on the news from the fed announcement. two issue, fed and, of course, fiscal cliff moving stocks here. take a look at the major sector, dollars reversed the declines of yesterday. energy, tech, materials, all down. volatility, everybody is waiting for it, but the vix does not move at all. just a modest move again today. the fiscal cliff looks like it's going to be resolved. that's what the vix is saying, and the fed's actions are not going to create volatility, even additional futures contracts in the vix are not higher in the last several weeks here. we did have a spike in bond yields yesterday. some good ve
seat in all of this. what can you tell us. >> reporter: as bob pisani just mentioned the discussion today is about that plan "b" that speaker boehner is offering to only raise taxes on million dollar incomes and do nothing on spending cuts until next year. the president came out into the white house briefing room said, and after talking about gun control made the argument in response to questions that they have narrowed their differences too much to walk away from negotiations now. >> i've said i'm willing to make some cuts what. separates is probably a few hundred billion dollars. the idea that we would put our economy at risk because you can't bridge that gap doesn't make a lot of sense. >> that wasn't persuasive at least publicly to house speaker boehner who faces a lot of resistance to his caucus on million dollar incomes or 400,000 or 250,000 income. he could pass plan "b" and put the ball right back in the president's lap. >> tomorrow the house will pass legislation to make permanent tax relief for nearly every american, 99.81% of the american people. then the president will h
underperformed. >> and you, as well, bob. thank you so much. >>> fiscal cliff concerns slamming stocks through the day with just ten days remaining to make a deal and avoid tax increases and springent spending cuts. house speaker john boehner says talks will continue. republicans said they would oppose it if it came to a vote. that includes our next guest, congressman mick mulvaney, republican from south carolina joins me now from capitol hill. sir, good to have you on the program. thanks for joining us. >> thank you very much for having me. >> if a deal is not struck by december 31st. taxes will go up on everybody. would you rather go over the cliff than go over the cliff? >> honestly, i don't think the two things are linked. if we had voted for plan b last night, no one is able to convince me it would have worked. the president said he would veto it. i don't know why we don't take those folks at their word. you think you would have seen a different outcome last night if the senate had approved what we were looking at. we were facing a symbolic vote that is more than likely to get thrown in t
Search Results 0 to 5 of about 6

Terms of Use (10 Mar 2001)